[UPDATE 10] Here is a statement Alliantgroup gave to the Houston Chronicle regarding the court-ordered raid by IRS-CI and the FBI of its Houston offices on Friday morning: “We look forward to understanding the government’s queries and we are fully cooperating with them. We expect that when the complete facts are known, this matter will […]
For the generations that have provided free technical support to grandparents everywhere since the ’80s and ’90s, it can be difficult to admit that the rapid pace of technological innovation is intimidating at times. There’s no denying things are changing fast. While business writers push endless streams of science fiction about robots taking jobs, technology […]
Boring No More: Accountants, Auditors See Themselves as Creative, Curious and Adventurous, Study Shows [PR Newswire] Creative, curious and adventurous may not be traits normally associated with accountants and auditors, but a recent study shows that’s just how a growing number of industry professionals see themselves. The research – conducted by leading software provider Caseware […]
Hanlon’s razor states “never attribute to malice that which is adequately explained by stupidity.” Meaning most of the time when someone does something bad, it’s not because they’re a bad person, rather too stupid to know better. Or something. Socially anxious people with victim complexes — who no doubt make up a large portion of […]
Insufferable former Citrin Cooperman client Martin Shkreli is no longer behind bars. From the Wall Street Journal: Martin Shkreli, the so-called “pharma bro” who was widely criticized for raising the price of a lifesaving AIDS drug, has been released from federal prison. Mr. Shkreli departed the Federal Correctional Institution Allenwood Low on Wednesday, according to […]
After getting rid of the boil on its butt (that boil being ex-chairman William Duhnke) last June, the PCAOB seems to be feeling pretty good now under the leadership of Erica Williams. And that’s bad news for audit firms. The PCAOB has created new ways of disciplining audit firms and auditors who bend the rules, […]
While PCAOB inspection reports are only one indicator of how good or bad a public accounting firm’s audit quality is, it’s still pretty embarrassing when a firm gets a bad report card. Consecutive years of horrible inspection reports (2013 and 2014) is what drove KPMG executives to hatch a scheme to steal confidential audit inspection […]
“The IRS destroying data for an estimated 30 million filers in March 2021 is appalling. This will create massive chaos for taxpayers in terms of filing time and refunds. The fact that the IRS is a business that operates in the dark ages in terms of technology further compounds the taxpayer’s burden. They act like […]
Funeral services were held this past weekend for 23-year-old Norah Bruther, an EY assurance senior associate from New Jersey who was struck and killed by a vehicle on May 7 while on vacation in Arizona. NJ.com reported: Norah Bruther was hit by a car around 1:30 a.m. Saturday while trying to cross Camelback Road near […]
No, Cathy Engelbert isn’t talking about the delicious summertime treat. She’s talking about “small moments of recovery.” “I learned this at Deloitte because when you’re running a firm of that size, you have to find time. We dubbed them smors. My EA used to put them on my calendar: Small moments of recovery. You need moments during […]
Junior KPMG auditor ‘should not lose his home’ for misleading regulator, says tribunal [Financial Times] A former junior KPMG auditor should not receive a fine so large it could force him to sell his matrimonial home, a tribunal has said. The UK accounting regulator asked the industry tribunal to fine Pratik Paw £50,000 and ban […]
With the AICPA making filling the CPA pipeline one of their 2022 primary strategic initiatives (see page 11 of the 2021 AICPA Trends report for the full list of pipeline-filling activities they will be going hard on this year), I thought now might be a good time to dust off the ol’ 1980s D.A.R.E. programming […]
I’m not a betting man, and that’s a good thing because, while not official yet, I would have bet my house on KPMG UK being fined more than £15 million for the whole Carillion audit fiasco. The Financial Times reported this afternoon: KPMG is set to be hit with its biggest-ever fine in the UK […]
As workers return to the office, many auditors find themselves visiting client sites for the first time. Given the two-year in-person hiatus we’ve all just been through, even first-year seniors don’t know how to approach audit room protocols. So here are some key rules you should follow in the audit room whenever you do go […]
After doing a quick Google search, it looks like the PCAOB hasn’t punished a public accounting firm for failures in its audits of brokers and dealers since 2016. But top 25 firm Citrin Cooperman broke that drought yesterday after being fined $200,000 by a disappointed PCAOB for violating standards related to broker-dealer audits. And three […]
Getting laid off sucks. It has happened to me twice in the past 23 years. I’ve also been fired once for poor performance, but unlike the two times I was laid off, I knew exactly when I was being fired. I hated my job, I hated my boss (I was her only employee and she […]
While there were plenty of accountants who behaved badly in 2021, the accounting profession as a whole was fairly well-behaved and competent last year, according to a new report from Cornerstone Research. Good job, everyone. From the report, Accounting Class Action Filings and Settlements – 2021 Review and Analysis: Reversing a three year trend, the […]
As any boomer who came of age in a time when slapping your female colleague’s backside was not only allowed but encouraged will tell you, guys are down hard these days. “Red pill” forums engage in endless debate about the plight of the modern man and some of these gents believe equality is a finite […]
After being called “lazy gits” in a tweet last Friday by British businessman, entrepreneur, and TV show host Lord Alan Sugar, who reacted negatively to PwC UK announcing that it would allow employees to take Friday afternoons off from June to the end of August, we were curious to see if any PwCers across the […]
If you’re a regular visitor to this website, it shouldn’t be too hard to figure out which Big 4 firm we’re referring to: Carillion, loads of fines from the Financial Reporting Council, chairman’s rant leads to his resignation, Carillion, “unacceptable” bank audits, partners who are bullies, lawsuits, and layoffs. And did we mention Carillion? Yes, […]
British businessman, entrepreneur, and media person Lord Alan Sugar thinks employees of the Queen’s PwC are a bunch of “lazy gits [that] make me sick” for being allowed to take Friday afternoons off this summer. This is a bloody joke. The lazy gits make me sick. Call me old fashioned but all this work from […]
Mesa grandma, 25-year-old accountant share love of Phoenix Suns [Arizona’s Family] JoAnne Ralph and Ben Barchilon have a special bond, and it all started with their love of the Phoenix Suns. “It’s just wonderful to have another grandson,” said Ralph. “It upsets my granddaughter because she says ‘I’m not sharing you!’ And I said, yes […]
Audit rooms come in all shapes and sizes—usually small, often windowless, sometimes with chairs you can actually sit on, and almost always as far away from the finance/accounting department as possible. After eight years in public accounting, I have loads of unforgettable audit room experiences. Here are just a few. The hostile work environment This […]
Traditionally, the role of accounting professionals in estate planning has been tertiary at best, with clients consulting CPAs only on the tax implications of select decisions—or simply leaving them out of the process altogether. As you’re certainly sick of hearing by now, however, today’s most successful CPAs are taking on more advisory functions, with one […]
Alternate title: If You Are an Accounting Student, Expect to End Up In Audit When You Graduate Ever since early 2020 we have been forced to learn how to go without, not always an easy task in our always-connected, on-demand, two-day-delivery world. I don’t know about you but if I have to wait longer than […]
Feeling a bit pudgy these days? You’re not alone. In one recent survey by WebMD, 54% of respondents reported having gained weight due to coronavirus lockdowns. It makes sense: people were not going to the gym, many were subsisting on takeout (OK, basically all of us), and we weren’t getting in the daily steps one […]
During a town hall meeting on Tuesday in which the marriage between Marcum and Friedman was confirmed internally before the official press release was slapped on Marcum’s website in the afternoon, Marcum Chairman and CEO Jeff Weiner announced that it’s almost time for all those busy season morale-boosting pizza parties to be replaced by new […]
Last week I wrote about the current Prometric mask rule as of May 2022 which in essence says you don’t have to wear a mask at the testing center but you can if you want to. This distinction is important as Prometric has always been a bit of the TSA on steroids when it comes […]
[UPDATE on May 3] The news we broke last week (scroll down) came to fruition today, as the merger between Friedman and Marcum is now official. Here is the press release from Marcum: Leading national accounting and advisory firms Marcum LLP (“Marcum”) and Friedman LLP (“Friedman”) today announced that they are in advanced discussions related to a […]
We’ve finally reached the end of our coverage of the 2022 Fortune BCTWF with Crowe at No. 67. After making the BCTWF for the very first time in 2018 and staying on the list for 2019 and 2020, Crowe fell out of the top 100 in 2021. We speculated at the time it might have […]
From Australian Financial Review: Chartered Accountants ANZ has belatedly ruled that only 12 of the 422 members from big four consulting firm KPMG who took part in systemic exam cheating will be put through the professional body’s individual disciplinary process. The body’s disciplinary committee ruled that the “activities undertaken” by 410 KPMG CA ANZ members […]
New Deloitte report: working women face alarmingly high levels of burnout despite shifting work arrangements, rise in hybrid working [PR Newswire] Widespread burnout and lack of flexible work continues to hinder progress in supporting working women, according to the latest Deloitte report, “Women @ Work 2022: A Global Outlook” released today. The research reveals that […]
First off, I want to thank those of you who reached out to us on Wednesday about Forvis being the new name of the combined BKD/DHG firm. I’ve been sick with COVID since early Wednesday morning and haven’t cracked open my laptop until now. I still feel like crap but OK enough to do this […]
May 1 marks the two year anniversary of Prometric reopening its testing centers to CPA candidates after shuttering every single American test site in March 2020 due to… you know what I don’t need to type all this out, you know why they were closed. While the nail techs waited anxiously for Prometric to reopen […]
Saw this on r/big4 over the weekend and while it’s obviously completely made up (despite being posted on the internet where absolutely nothing is fake ever), much like an account man getting his foot run over by a riding lawnmower by a secretary at an advertising firm, surely this has happened somewhere at a Big […]
The last of the Big 4 to be ranked in the 2022 Fortune BCTWF and the one that took the biggest drop over the last year is the proudest and trustiest firm of them all, PwC. Fortune doesn’t reveal why a particular company fell so many spots in its ranking from one year to the […]
Ed. note: Happy belated 420 Earth Day, everyone! In honor of the one day a year we recognize the detrimental impact humans have on our home rock, we’re including a couple relevant links on performative environmentalism as it relates to the accounting industry and financial reporting below. Firms and audit committees focus on ESG for […]
I buried the link I’m about to share with you all in Footnotes last Friday; however, since its author intended for it to spur a conversation about the profession’s pipeline problem, I thought it best to highlight it in its own post should any of you feel like discussing it. “In my view, the future […]
Pop quiz, CPAs: What do you tell a client who asks you about the tax benefits of direct indexing? If your answer is “Pretend I need to go to the bathroom and hope I can get one of my advisor friends on the phone to explain it to me in time,” this article is for […]
As I snarkily mentioned last week, the AICPA has finally released its much-anticipated 2021 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits (or Trends, for short) report [PDF here], a behemoth data dump of accounting industry stats first released in 1971 and released every two years since 2009. We’re […]
Coming in at No. 52 on the 2022 Fortune BCTWF is the ol’ Black and Yellow. EY has made quite a few head-scratching, unpopular decisions over the last couple of years, but here they are on the BCTWF for the 24th time in the ranking’s 25-year history. While doors will open for someone with experience […]
Following one spot behind RSM US in the 2022 Fortune BCTWF is KPMG, the second Big 4 firm in the ranking behind Deloitte at No. 24. It’s not too often that KPMG finishes ahead of PwC in anything, so the House of Klynveld should celebrate this accomplishment while it can. For the most part, people […]
Another year, another first-place finish for PwC in Vault’s ranking of the most prestigious public accounting firms. At this point, you can just pencil in PwC as being the most prestigious firm now until the end of time. If a firm was to eventually unseat PwC in prestige, it would be as big of an […]
Vault today released its newest ranking of the best public accounting firms to work for, and it’s a slimmed-down version for 2023: the number of firms ranked went from 50 (as has been the case for many years) to 25. But one thing remains constant: PwC is No. 1. This is the 10th straight year […]
Except for 2012 when the Purple Rose of Chicago shockingly was named the best accounting firm to work for, a Big 4 firm has been ranked No. 1 in all the other Vault Accounting 50s. And even though Vault’s latest ranking for 2023, released earlier today, includes only 25 firms instead of 50, a Big […]
Remember last week when EY tried to convince all of us that employees prefer empathetic leadership over raises and promotions? LOL, good one EY. Anyway, Brandon Hall, founder and managing partner of Hall CPA in Raleigh, NC, who was a senior consultant with EY earlier in his career, knew the empathy-over-raises social media post from […]
Ed. note: Happy almost Easter to those who celebrate, happy 11th birthday today to my cat Cash Money (no, I did not purposely track down a cat born on tax day when I adopted him from Humane Rescue Alliance in DC 11 years ago), and a very happy April 18th to those of you who […]
When it comes to the Fortune BCTWF, gone are the days of the Big 4 firms being ranked among, say, the top 50 companies and then you have a midtier public accounting firm or two ranked somewhere between Nos. 51 and 100. Nowadays you’ll see a non-Big 4 firm or two ranked higher than one […]
As a Fisbhowl user, I received a notification on my phone this evening that “KPMG was tagged in a post,” and this was the post: I had no idea this was a thing. Someone in the comment section said the commercial was on KPMG US’s YouTube channel, so I went there, and sure enough, there […]
Yesterday I came across this screenshot while combing Reddit one hour after my weekly newsletter column was due as I often do on Tuesday afternoons when I’m procrastinating. At first I thought there’s no way this is real. I mean, it’s on the internet so obviously it’s real but … really? Oh, it’s real y’all. […]
Marcum employees are living that public accounting busy season stereotype one slice of pizza at a time. We're in the final stretch of the #taxseason. Our Fort Lauderdale office took a much needed break and gathered for happy hour while enjoying pizza and beer. #marcumeverywhere #funatwork pic.twitter.com/QJx0VBxD2R — Marcum LLP (@MarcumLLP) April 5, 2022 It […]
The AICPA finally got around to releasing its Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report (hereby referred to as the Trends report), which we’ve been waiting to see since last August, but hey, I get it, people are busy. As we work on crunching the data and […]
Just spitballin’ here but I think getting fired from a Big 4 firm and no longer doing a job he hated worked out pretty well for the star of Marvel’s Shang-Chi and the Legend of the Ten Rings. Here is what Simu Liu posted on Instagram today: So is now-retired Deloitte partner Paul Gibbons the […]
Here’s one takeaway from covering the Fortune 100 Best Companies to Work For rankings the last 12 years: A BCTWF list without Plante Moran on it just doesn’t feel right. But that has been a rare occurrence since the magazine started the ranking. In fact, Plante Moran is one of four companies (EY too) that […]
Today Fortune released its 25th installment of its 100 Best Companies to Work For, a ranking we’ve covered off and on for the past 12 years. And the No. 1 bestest company for 2022, according to Fortune, is Cysco Systems. Congrats to them. In the professional services category, notables include Accenture at No. 6, Protiviti […]
Gerard Beauzile is facing a potentially lengthy stay in federal prison after he was charged with embezzlement earlier today for thinking no one would notice $2.3 million missing from the unnamed New York-based company where he had been the controller since 2001. Beauzile, 61, a resident of South Plainfield, NJ, appeared by videoconference on Monday […]
We are officially one week away until our tax pro friends complete the long, arduous first leg of busy season. And based on all the extensions they are filing for procrastinating clients, the second leg of busy season, which wraps up this year on Oct. 17, might be just as crazy. Let’s take a look […]
One of our favorite nicknames we’ve given KPMG through the years is “The Radio Station,” for obvious reasons. So in this Saturday shitpost, we ask: If KPMG was actually a radio station, what would its tagline or slogan be? We have a handful of suggestions: Good Auditing’s No. 1 Alternative Playing All the Hits (and […]
CPA firms show progress in diversity amid pipeline challenges [Journal of Accountancy] The AICPA finally got around to releasing their 2021 Trends report, which we’ll dissect shortly. In the meantime, here’s a tidbit: The profession’s efforts to encourage diversity, equity, and inclusion delivered progress with a rise of almost 5 percentage points (a change from […]
Although the show ended seven years ago (yeesh, where has the time gone?), I regularly find myself binge-watching Mad Men, sometimes for nostalgia, sometimes for soothing background noise, sometimes least of all in hopes I’ll catch some small detail missed in my previous 20 rewatches left there like a pretty striped Easter egg rotting behind […]
As of February 2022, inflation in the United States has hit a 40-year high at 7.9%; the last time inflation was this bad, many of you weren’t even alive so yay, think of this like Halley’s Comet, some day in the distant future you’ll get to say “I was there!” You don’t need us to […]
If you aren’t aware of said cringey LinkedIn posts from Deloitters, see Adrienne’s articles here and here. Here are a couple other examples: Anyhoo, based on all of the posts from butt-kissing Green Dotters (or not), Deloitte is one of LinkedIn’s top 50 companies in the US: In honor of being named a LinkedIn Top […]
Hey Grant Thornton UK partners, how y’all livin’? Probably not too bad these days, now that the average profit for those of you in the club went up 34% to £611,000 in 2021. With GT releasing its 2021 average partner pay yesterday, as well as firm profits and net revenue, we’ve updated our list of […]
It only took five years, but Scott Marcello finally received some sort of punishment for what happened in KPMG’s audit practice several years ago as partners were working with PCAOB insiders to illegally receive advanced notice of the PCAOB’s inspection plans for KPMG audits. Marcello, KPMG’s former vice chair of audit, was fined $100,000 today […]
[UPDATE/Jason Bramwell] The Telegraph reported this past weekend that Deloitte UK gave its former diversity and inclusion chief, Dimple Agarwal, around £8 million last year after an internal investigation cleared her of bullying staff. Reports began to surface overseas on March 4, 2021, that she had resigned from Deloitte following the bullying accusations against her. […]
Let’s wildly speculate as to why EY was the only Big 4 firm not to give their employees some sort of mid-year raise. You might recall that EY leadership told their people the reason why they didn’t give out salary adjustments is because the firm is already the market leader in salaries among the Big […]
Tonight at the Caesars Superdome in New Orleans, the eighth-seeded North Carolina Tar Heels will be taking on the No. 1 seed Kansas Jayhawks for the 2022 men’s college basketball championship. After disposing its longtime archrival Duke and Coack K (thank god) on Saturday, the Tar Heels are looking to win their seventh NCAA men’s […]
Ed. note: forgive us, we lack the bandwidth to come up with an April Fool’s prank today. For your reading pleasure, you can reminisce on the time we hid the entire site behind a (fake) Bitcoin paywall for a few hours on April Fool’s Day 2014 and proceeded to get cussed out by readers and […]
We usually reserve this space on Going Concern for our tax preparer friends who have to deal with mostly client-initiated and other unexpected problems on a daily (hourly?) basis during busy season. And we’ll get to them next week as they near the home stretch of the April 15 18 filing deadline. But today I […]
That dubious award goes to longtime IRS employee Wayne Garvin, who might be hanging out in Club Fed for as long as five years after pleading guilty to tax evasion on March 22. Garvin, 57, a resident of Columbia, SC, who most recently worked as a supervisory associate advocate with the IRS’s Taxpayer Advocate Service […]
If these inspection reports were like tests taken in a classroom, Crowe and Moss Adams would have received passing grades, while Marcum would have failed big time. Let’s take a look: Crowe The latest audit inspection results for Crowe show the 11th-ranked public accounting firm by revenue bombed 27% of the audits reviewed in the […]
While traipsing through the back allies of the internet the other day, I came across a mention of anthropologist David Graeber and his 2018 book Bullshit Jobs: A Theory. Being entirely unfamiliar with this title but wholly acquainted with jobs of the bullshit variety (believe it or not, my current one does not fall into […]
TIL Deloitte Canada had a former Canadian professional footballer in its partnership. Gabriel Gervais, 45, who joined Deloitte of the Canadian variety in 2009 and was admitted into the partnership in 2019, played for the Montreal Impact (now CF Montréal in the MLS) from 2002-08 when the club was part of the United Soccer League. […]
Having gotten only a 3% raise this year, my wife (and many of you in public and industry accounting) can relate to this tweet: When you get a 5% raise but remember inflation is 7.9% pic.twitter.com/lgGtd96xvq — Not Jerome Powell (@alifarhat79) March 28, 2022 Related articles: PwC Briefcases Look Absolutely Stunning On the Oscars Red […]
People who work in the enforcement divisions at the SEC and the PCAOB must have been busy doing other things than monitoring the gatekeepers of the capital markets last year, as accounting and auditing enforcement activity decreased and monetary settlements fell sharply, according to a recently released report from Cornerstone Research. The two regulators made […]
All polished up and ready to go for their big night. Hopefully the PwC briefcases’ handlers have a better night at the Oscars tonight than Brian Cullinan and Martha Ruiz did five years ago. Related article: Happy Fifth Anniversary of PwC F*cking Up the Oscars
These are the 5 most ‘boring’ — and exciting — jobs in the world, according to a recent study [CNBC] You’ll be happy to hear accounting made #2 on the most boring list. Don’t feel bad, MY job ranked #3 most exciting and I assure you it absolutely is not, I write about accounting after […]
This post from Soufyan Hamid, a finance expert at Belgium telecommunications company Proximus who used to work at Deloitte and PwC in Belgium, appeared on my LinkedIn timeline this morning: Knowing there had to be a No. 3 on his list of things he hates, I took the bait and clicked to read his entire […]
We here at Going Concern are not fans of buzzwords and some might say we pride ourselves on rebuking them. This isn’t to say that criticizing buzzwords is something one should be proud of, rather that we have so few things to be proud of that at least we can cling to this when we […]
According to published reports, psychiatrists at Bellevue Hospital in Manhattan determined after a medical evaluation that Martial Simon, the homeless man who killed 40-year-old Deloitte Consulting Senior Manager Michelle Go while she was waiting for a train inside the Times Square subway station on Jan. 9, is mentally unfit to stand trial. Simon, 61, didn’t […]
We love a good rant—whether about public accounting in general or about a co-worker, like this one posted on Fishbowl yesterday by a Big 4 intern about a staff 1 he/she works with who sucks at Excel, won’t shut up about work-life balance (or the lack thereof), and has no desire to take the CPA […]
When you hear the name Arthur Andersen, the first thing that usually comes to mind is … well … you know. But here’s some good news associated with the Andersen name: audit partners who worked at Arthur Andersen during its collapse and who currently work in the Big 4 provide higher-quality audits than audit partners […]
Spotted on r/antiwork via Fishbowl: Do you guys smell that? Smells like REVOLT to me. Not sure how helpful HR will be on this (remember: they exist to help the firm not you), but hey, put some heat on ’em anyway.
While the Great Resignation in public accounting hasn’t slowed down much recently, there are still people who are jockeying for a better job in the Big 4 and have left one firm for another. In this case, it’s something we used to write about A LOT back in the day: people bolting KPMG for PwC. […]
The Walmart of professional services firms just released the latest installment of its Football Money League report, which profiles the financial performance of the highest revenue-generating clubs in the world of football … er, soccer. And here’s why all you hooligans should be interested in this year’s report, according to Deloitte: This year’s edition is […]
Last month we dove into the 2022 Vault rankings of the best consulting firms to work for and the consulting firms with the most prestige, with an eye on how the Big 4 firms fared in each. Today we’re going to wrap up our coverage of the 2022 Vault Consulting 50 by looking at which […]
Accounting Faces Reckoning After Years of Sluggish Pay Growth [Bloomberg Law] Gasp! Asking for time off? WELL I NEVER! The shift in power toward workers and away from employers has forced businesses to meet demands for more time off, remote work, and flexible schedules—not just wages—said Paul McDonald, senior executive director for staffing firm Robert […]
You guys got a lot of things on your to-do list right now. We don’t want you to get in trouble for not remembering to do this. We’re here for you. Have a good weekend. Love, Your friends at Going Concern
Last Friday I buried a link about the IRS’ latest hiring push in Footnotes but I think it deserves its own little mention if only to discuss the pay. That’s all that matters, right? Before we get to that, my handlers have asked me to remind you that Footnotes is a weekly wrap-up of accounting […]
The big news in the accounting profession yesterday afternoon from Dave Michaels of the Wall Street Journal was that the SEC is investigating the Big 4 and other public accounting firms on whether the consulting and non-audit services they sell to clients is conflicting with their independence as the auditors of said clients. Michaels reported […]
The other day — OK it was actually 12 days ago — we got a random email in our editor inbox. This is not uncommon, said inbox serves as the garbage disposal into which reader complaints go. Just kidding, we love feedback. Really. The editor inbox is a hub for reader comments, advertising requests, story […]
It’s been a minute since we’ve talked about projected salaries for this year in public accounting, and compensation discussions will be happening for many of you in mere months. So today we have a new entrant in our continuing series of 2022 public accounting salary projections, and it is staffing and recruitment firm Century Group, […]
Most people who leave public accounting have absolutely no intention of going back. These days public accounting would probably take you back in a heartbeat if you changed your mind. But if you feel like you could use another “drink from the firehose” to help propel your career forward and provide you a missing experience […]
‘Big Four’ Targeted Again in U.K.—PwC Becomes Latest Subject of Investigations [Bloomberg Tax] Paul Brehony of Signature Litigation LLP looks at the growing number of investigations by the U.K. tax authority into historic audit failures by the “Big Four” firms, and discusses the prospects for success of proposed major reforms to the audit regime. The […]
There are big changes coming to the CPA exam in the future, but one thing that hasn’t changed much since 2004 is the process of testing at Prometric. When the exam went computerized at the turn of the century, gone were the massive gymnasiums and chicken tables of yore and in came the soul-crushing sterility […]
Let’s take a break from what’s going on right now in Ukraine to tell you something we’ve written a lot about in recent years and that we enjoy writing about: KPMG UK being bad at auditing. While we await KPMG’s punishment for that whole Carillion debacle, the Financial Reporting Council announced on March 8 that […]
You can add Mazars to the list of global accounting firms with offices in both Ukraine and Russia that have denounced Russia’s invasion of Ukraine and pledged to support their colleagues in Ukraine—financially and via other means. But unlike PwC, KPMG, EY, Deloitte, Grant Thornton, and BDO, Mazars doesn’t seem to be planning a move […]
The latest top accounting firm to turn its back on Russia and Belarus is No. 5 on your global scorecard, BDO, which said in a statement on Tuesday that “no BDO firm will work with any sanctioned Russian and Belarussian entities including the Russian and Belarussian government, Russian and Belarussian state-owned enterprises and sanctioned individuals […]
Happy International Women’s Day, everyone! Yes, even you men. Actually, especially men. We’re counting on you all to lead the way and set a good example for those among you who may not have gotten the memo that women contribute so much more to society than clean dishes. Even something small like recognizing the achievements […]
